Introduction to Markets and Market Failure Lessons (Theme 1) - A Level Economics

20 Comprehensive lessons covering Introduction to Markets and Market Failure (Theme 1) within the A level Economics course.

This resource is designed for the Edexcel specification, however, the content covered in this resource is suitable for other exam boards too.

This resource bundle includes presentations (PowerPoint) and corresponding worksheets (Word) covering each of the 4 topics within Theme 1.

Each worksheet includes a set of model answers

This resource teaches the following in detail:
-Introduction to Economics
-The Economic Problem
-Production Possibility Frontiers
-Specialisation and the Division of Labour
-Free Market Economies, Mixed Economy and Command Economy
-Rational Decision Making
-Demand
-Price, Income and Cross Elasticities of Demand
-Supply & Elasticity of Supply
-Price Determination
-Price Mechanism
-Consumer and Producer Surplus
-Indirect Taxes and Subsidies
-Alternative Views of Consumer Behaviour
-Types of Market Failure
-Externalities
-Public Goods
-Information Gaps
-Government Intervention in Markets
-Government Failure

Click on the links below to check out some of our FREE resources:

Free Worksheets:

Introduction to Economics Worksheet
The Economic Problem Worksheet
Production Possibility Frontiers Worksheet
Specialisation & the Division of Labour Worksheet
Types of Economy Worksheet
Price Determination Worksheet
National Income Worksheet

Free Lessons:

Introduction to Economics Lesson
The Economic Problem Lesson
Production Possibility Frontiers Lesson
Specialisation & the Division of Labour Lesson
Types of Economy Lesson
Price Determination Lesson
National Income Lesson